Malaysia: Oilseeds and Products Update

Post is adjusting its marketing year (MY) 2019/20 crude palm oil (CPO) production estimate down 200,000 metric tons (MT) to 19.5 million MT. Dry weather and diminished fertilizer use the previous year, and short-term industry disruption due to the COVID-19 pandemic this year, have clearly had a more significant impact on MY 2019/20 production than previously predicted. Post’s MY 2019/20 CPO export estimate has also been adjusted down 200,000 MT to 16.8 million MT. This decrease (compared to the previous 2020 Annual Report) is based on Malaysian trade data that indicates a dramatic drop in Indian demand of Malaysian palm oil through the first eight months of the marketing year.

Malaysia: Oilseeds and Products Update